GM is still losing as much as $49,000 on each Volt it builds. Don’t worry, they’ll make it up on volume. “…the Volt is over-engineered and over-priced,’ said Dennis Virag, president of the Automotive Consulting Group.” In other words, the damn thing costs too much and does too little, just like everything else championed by it’s biggest booster, President Empty Chair.
This post was last modified on January 26, 2021
View Comments (17)
I understood they were lsing so much on this flammable joke that they have suspendedproduction? Was I misled?
They will suspend production as soon as they lose enough money to qualify for another stimulus check.
I don't think that's a really good business plan. I think the idea is to make them cheap and sell for a profit. But I could be wrong, I guess. After all, I didn't build that.
I don’t think that’s a really good business plan. I think the idea is to make them cheap and sell for a profit. But I could be wrong, I guess. After all, I didn’t build that.
What are you? Some kind of evil capitalist or something?
Actually, I am a libtard. I am just trying to get you all to think I am one of you before I begin my massive troll campaign. It's coooooooooming!
Actually, I am a libtard. I am just trying to get you all to think I am one of you before I begin my massive troll campaign. It’s coooooooooming!
I MIGHT believe that, except drb is too busy to schedule your quadruple lobotomy, so that when they lobotomize you afterwards you would only be 2x as smart as the average libtard. By my reckoning, that would only make you a blue dog democrat.
(But I would still respect you)
That's what the central schedulers are for, ooddz
And neither did they!
That's ok, I hear the Gov is buying more Volts for the Military, it's the same mindset behind the $27 dollar a gallon fuel oil.
like so many other things the tax payers money bailed out, yet 7 out of 10 GM's are built outside the United States and that will increase soon.
I don’t know the original production source but there’s no question
about the words spoken by the GM official
http://www.youtube.com/watch_popup?v=Lvl5Gan69Wo
Seems like those shovel ready jobs Obama made us pay for were highways to import the foreign made Chevys.
Thanks for saving the Canadian and Mexican auto industry Mr President! Now maybe we can get back some of those guns you sent to the drug cartels.
It is NOT a loss; it is a negative gain... or possibly a "market adjustment", or maybe a "post-upward revision". Team BO must be wasting a lot of time thinking of euphemisms for failure, which is good because it leaves them less time to actually steal votes.
There is only one true euphemism for failure. "Obama."
I salute you.
They are not losing money. The balance sheet is merely "evolving".
A few things...
1. GM is going to need another bailout, & when I say GM, I mean the UAW.
2. Unless GM's share price is at least $53, they are a loser. PERIOD. BTW, they are around $20 per, not good. We own 26% nof the stock, & we are taking a bath.
Gee, thanks Mr Obama. You sure know how to pick a stock, don't you?
Maybe we should invest more in Solyndra too.